Mortgages

The Buy-to-Let Roller Coaster

What a ride 2015 has been for landlords owning residential investment property, or wanting to do so.

The Short Term Waltzer

Now the art of enjoying the Short Term Waltzer is to know how long your ride needs to be and to make sure you are ready to get off when you should. If you don’t plan your exit properly you can get quite sick!

The Mystery Tunnel of Residential Mortgages

Gone are the days when applying for residential mortgages was a straightforward process! It is quite amazing how complicated lenders can make it all.

Loan Wars? Only on price …… and only sometimes

The demand for mortgages for house purchases has slowed down so the lenders are dropping their prices. Five year fixed rate deals can be had at less than 2.0%! This is jolly exciting if you are a problem –free applicant buying a new home or if you are on a lender’s standard variable rate and want to remortgage. But what about everyone else?

Can there be life without Twitter?

Don’t you find it a little bit wearing to be bombarded with invitations to join someone on Twitter, find them on Facebook or join one of the myriad of social networking sites?

“Slow you down” – Mark Carney’s Norfolk origins?

One of the delightful eccentricities of rural Norfolk is the occasional road sign “slow you down”. I suspect the Bank of England Governor, Mark Carney, may well have Norfolk origins since this is his maxim for our property market.

Whoops! I’ve done it again

After the season of merriment and good cheer comes settling bills for credit cards, HMRC and accountants. Quite a few owner managed businesses do not set aside sufficient money to pay their January tax bill and suddenly need money in a hurry. With HMRC not being so obliging with delayed payments these days, short term finance will be needed more often.

Finance of the week – Takeaway Auction

Our client acquired a takeaway business at auction, having been promised financial backing by a friend. The “friend”, however, disappeared abroad taking his cash with him so our client turned to one of his banks. When they couldn’t help, the banker asked me to find some short term finance with a view to their taking the business on in six months time.

Here we go

It’s amazing: as soon as the housing market picks up so does the activity in business finance. People looking for licensed trade finance, for example, find it much easier to interest a lender when they have a good cash deposit from the sale of a house.

Tip of the Month: Auction Finance

Organise your business finance in Derby and Derbyshire before you go to auction and if there’s any doubt that your source will deliver, come to me first!